OREANDA-NEWS. September 22, 2011. MPX Energia, today announced that on September 9, 2011 it completed the structuring of currency hedges for the US dollar -denominated portion of the investment to develop 1,514 MW at the MPX Parnaiba thermoelectric complex.

At the time the hedging was concluded, the spot exchange rate was 1.67 BRL/USD, thus in line with the assumption utilized in the projects’ financial assessment.

“We see efficient financial management as a pillar for long-term value creation for our shareholders. The differentiated returns and predictable future cash flows of the Parnaiba power plants were locked in through hedging contracts closed at attractive rates and, more importantly, rates aligned with the economic assumptions used in the financial modeling that served as a basis for our investment decisions", said Eduardo Karrer, MPX’s CEO.